Poland Traders

Quote from Copernicus:

imagine how much is your rent?
unless you live on szucha or krakowskie przedmiescie, it has to be less than 25% of NYC.
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I don't rent - live outside the city in a house but i do follow the real estate market very closely here.

not sure how warsaw compares to NYC - but it probably is way cheaper but NYC is not a typical large city when it comes to rent

my point is that if someone thinks they will get a very nice apartment, fully furnished for a couple of hundred bucks - they are wrong.

yes you can rent for a couple of hundred but you will be in a shitty building with furniture that you don't want to look at or touch. You can also find a huge house with a pool for a 1,000 bucks - but again you probably won't want to rent it due to the distance to the city and the quality of the house.

A clean, 60 m2 apartment, in a decent kamienica will run you about 550 - 700 usd. When i first came out here - i was paying 700 usd for a decent 35 m2 apartment. The prices have dropped as the expat community went away.

The xchange rate sucks so most landlords just changed dollars to euros. You can still find a decent apartment for 400 usd but most likely in ursynow or in a large apartment complex - which won't give you the feel of eastern europe.

in terms of szucha - i have been in a few of those apartments ( melody house is the first to come into mind ) but those apartments are super expensive, with low ceilings, claustrphobic and totally over priced.

For me it is stary mokotow or nothing.
 
Quote from Imagine:

I don't rent - live outside the city in a house but i do follow the real estate market very closely here.

not sure how warsaw compares to NYC - but it probably is way cheaper but NYC is not a typical large city when it comes to rent

my point is that if someone thinks they will get a very nice apartment, fully furnished for a couple of hundred bucks - they are wrong.

yes you can rent for a couple of hundred but you will be in a shitty building with furniture that you don't want to look at or touch. You can also find a huge house with a pool for a 1,000 bucks - but again you probably won't want to rent it due to the distance to the city and the quality of the house.

A clean, 60 m2 apartment, in a decent kamienica will run you about 550 - 700 usd. When i first came out here - i was paying 700 usd for a decent 35 m2 apartment. The prices have dropped as the expat community went away.

The xchange rate sucks so most landlords just changed dollars to euros. You can still find a decent apartment for 400 usd but most likely in ursynow or in a large apartment complex - which won't give you the feel of eastern europe.

in terms of szucha - i have been in a few of those apartments ( melody house is the first to come into mind ) but those apartments are super expensive, with low ceilings, claustrphobic and totally over priced.

For me it is stary mokotow or nothing.
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i agree 100%, if u want luxury you pay for it. but i think its fair to say that comparable place in warsaw and nyc is going to be a quarter or less even the high end luxury, and as traders we earn the same living in the us or europe. i was looking to buy a place in that brand new apartment building right next to the grand theater, but the markup they want is just unbelievable.
 
in my opinion not even close

that place will look like a dump in three years - again jmo

their are many "nice" developments" that have been built, but almost all are losing their luster for many reasons: but the two biggest imo are: size and quality

not sure what you are planning on doing with yours but I would imagine you will want to rent it out. you got a great location and it is upper scale. The rent price won't make your ROI look great, especially if you will be roped in on the 40% tax, but even at 7k per m2 - the appreciation will be their in three years

think about flipping it - that is what we are planning to do with morskie oko - a quick 25 grand usd guaranteed - if we can get filled lol
 
Quote from Imagine:

in my opinion not even close

that place will look like a dump in three years - again jmo

their are many "nice" developments" that have been built, but almost all are losing their luster for many reasons: but the two biggest imo are: size and quality

not sure what you are planning on doing with yours but I would imagine you will want to rent it out. you got a great location and it is upper scale. The rent price won't make your ROI look great, especially if you will be roped in on the 40% tax, but even at 7k per m2 - the appreciation will be their in three years

think about flipping it - that is what we are planning to do with morskie oko - a quick 25 grand usd guaranteed - if we can get filled lol
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yeah, renting for now, i really dont care about roi in the next 5 years, i'm sure if i buy the top end in the right location i can sell it for a nice profit in 10 years. thats why i was looking at this apartment right next to the theater.
 
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